Sacramento startup, Food Token, is including one other method native restaurants can settle for cost – cryptocurrency. Brian Barton, founding father of Food Token, shared his journey with KCRA 3, impressed by his frustrations with conventional banking, resulting in the thought for Food Token.”I wish to do my banking with a restaurant. I do not want a financial institution in between,” he stated.In 2024, roughly 17% of American adults say they’ve invested in or personal cryptocurrencies.Food Token is already operational in choose Sacramento restaurants, together with Jim Boys, Brookfield’s, Chocolate Fish, and Seashore Hut Deli. Barton defined that the platform permits restaurants to just accept the 5 main cryptocurrencies.Barton additionally addressed considerations about safety for customers.“From the restaurant’s viewpoint, the restaurant is rarely seeing the cryptocurrency. The restaurant is simply accepting it simply as they might a digital present card,” Barton stated. Barton famous that convincing restaurants to do one thing new has been an uphill battle, notably when it is a couple of new subject like cryptocurrency. Sacramento was chosen because the launch web site for Food Token as a result of its standing because the “farm-to-fork capital” and Barton’s private connection to the world. “We wish to discover a use case first for restaurants within the Sacramento space and for customers within the Sacramento space,” Barton stated, emphasizing the significance of understanding native wants earlier than increasing.For these excited about utilizing Food Token, Barton inspired restaurants to achieve out by way of their web site, providing an easy option to begin accepting cryptocurrency.”We solely cost $0.10 per transaction, in contrast to Visa and Mastercard,” he stated, highlighting the monetary advantages for restaurants.As cryptocurrency continues to realize reputation, Food Token goals to simplify the method for each customers and restaurants, paving the best way for a brand new period of digital funds within the restaurant business.See extra protection of high California tales right here | Obtain our app | Subscribe to our morning e-newsletter | Discover us on YouTube right here and subscribe to our channel
Sacramento startup, Food Token, is including one other method native restaurants can settle for cost – cryptocurrency.
Brian Barton, founding father of Food Token, shared his journey with KCRA 3, impressed by his frustrations with conventional banking, resulting in the thought for Food Token.
“I wish to do my banking with a restaurant. I do not want a financial institution in between,” he stated.
In 2024, approximately 17% of American adults say they’ve invested in or personal cryptocurrencies.
Food Token is already operational in choose Sacramento restaurants, together with Jim Boys, Brookfield’s, Chocolate Fish, and Seashore Hut Deli. Barton defined that the platform permits restaurants to just accept the 5 main cryptocurrencies.
Barton additionally addressed considerations about safety for customers.
“From the restaurant’s viewpoint, the restaurant is rarely seeing the cryptocurrency. The restaurant is simply accepting it simply as they might a digital present card,” Barton stated.
Barton famous that convincing restaurants to do one thing new has been an uphill battle, notably when it is a couple of new subject like cryptocurrency.
Sacramento was chosen because the launch web site for Food Token as a result of its standing because the “farm-to-fork capital” and Barton’s private connection to the world.
“We wish to discover a use case first for restaurants within the Sacramento space and for customers within the Sacramento space,” Barton stated, emphasizing the significance of understanding native wants earlier than increasing.
For these excited about utilizing Food Token, Barton inspired restaurants to achieve out by way of their web site, providing an easy option to begin accepting cryptocurrency.
“We solely cost $0.10 per transaction, in contrast to Visa and Mastercard,” he stated, highlighting the monetary advantages for restaurants.
As cryptocurrency continues to realize reputation, Food Token goals to simplify the method for each customers and restaurants, paving the best way for a brand new period of digital funds within the restaurant business.
See more coverage of top California stories here | Download our app | Subscribe to our morning newsletter | Find us on YouTube here and subscribe to our channel
